Capital Southwest (NASDAQ:CSWC) Sees Unusually-High Trading Volume – Here’s Why

Capital Southwest Co. (NASDAQ:CSWC) shares saw unusually-strong trading volume on Thursday . Approximately 750,911 shares were traded during mid-day trading, an increase of 123% from the previous session’s volume of 336,417 shares.The stock last traded at $22.76 and had previously closed at $22.81.

Wall Street Analysts Forecast Growth

Separately, B. Riley increased their price target on shares of Capital Southwest from $24.00 to $24.50 and gave the stock a “neutral” rating in a report on Wednesday, October 30th.

Capital Southwest Price Performance

The company has a 50-day moving average of $23.89 and a 200-day moving average of $24.90. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 13.25 and a beta of 1.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.16 and a current ratio of 0.16.

Capital Southwest (NASDAQ:CSWC) last posted its quarterly earnings data on Monday, October 28th. The asset manager reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. The business had revenue of $48.71 million for the quarter, compared to analyst estimates of $49.79 million. Capital Southwest had a return on equity of 15.54% and a net margin of 37.77%. During the same quarter last year, the company earned $0.69 earnings per share. As a group, equities research analysts expect that Capital Southwest Co. will post 2.54 earnings per share for the current fiscal year.

Capital Southwest Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 11.60%. The ex-dividend date is Friday, December 13th. Capital Southwest’s dividend payout ratio is presently 141.46%.

Hedge Funds Weigh In On Capital Southwest

Institutional investors have recently added to or reduced their stakes in the business. Quarry LP purchased a new position in shares of Capital Southwest during the 3rd quarter worth about $35,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Capital Southwest during the 2nd quarter valued at $58,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Capital Southwest during the 2nd quarter worth $104,000. Nisa Investment Advisors LLC purchased a new position in shares of Capital Southwest in the 3rd quarter worth $106,000. Finally, Hollencrest Capital Management boosted its holdings in Capital Southwest by 8.6% in the third quarter. Hollencrest Capital Management now owns 6,527 shares of the asset manager’s stock valued at $165,000 after acquiring an additional 518 shares during the last quarter. 23.42% of the stock is currently owned by institutional investors and hedge funds.

Capital Southwest Company Profile

Capital Southwest Corporation is a business development company specializing in credit and private equity and venture capital investments in middle market companies, mezzanine, later stage, mature, late venture, emerging growth, buyouts, industry consolidation, recapitalizations and growth capital investments.